Ideological Insanity Has Gotten Way Way Worse In The UK...

Iraq's Oil Collapse Sparks Race For New Export Routes Authored by Simon Watkins via OilPrice.com, Iraq's oil production has collapsed to just 1.39 million bpd after the Strait of Hormuz blockade stranded exports. Baghdad is urgently trying to revive northern export routes through Turkey, including the Kirkuk-Ceyhan system and a new Kirkuk-Nineveh pipeline. China is re-emerging as a major strategic player in Iraq's energy infrastructure, with Chinese firms heavily involved in Baghdad's new north-south pipeline expansion. April was indeed the cruellest month for decades for Iraq's crude oil production, with an average of 1.389...

Five Air Force Refueling Planes Struck In Iranian Missile Attack On Saudi Arabia Summary: Five US Air Force refueling planes were struck and damaged on the ground at Prince Sultan air base in Saudi Arabia: WSJ Over 3 million people forcibly displaced by US-Israeli war on Iran: UN Iran reportedly approves Indian government sending two liquefied petroleum tankers through Hormuz Japan-based USS Tripoli and its attached Marines headed toward Middle East WSJ says Pentagon sends Marine expeditionary unit to Middle East. Oil jumps higher Pentagon has just confirms two additional deaths in Thursday's downing of a...

Bitcoin Perps' Algorithmic '0.01%' Scythe: How The Funding-Rate Mechanism Explains Your "Mystery" Liquidations Authored by danny (@agintender) via WuBlockchain's Aki Chen, Why is derivatives trading the exchange’s money printer? Why do some venues dare to take the other side of their customers’ trades? By unpacking the funding-rate mechanics of Bitcoin perpetual futures (perps) and the surrounding market dynamics, we show how traders are led—step by step—into a fatal trap meticulously engineered by the exchange. The so-called “0.01% equilibrium” in perps - akin, in spirit, to the 0.618 Fibonacci motif - operates as a...